Mallesons has advised long-term client Ravenswood Gold on a comprehensive refinancing transaction valued at more than A$1.4 billion.
The transaction comprised a streaming arrangement with Triple Flag International Ltd, a loan from RRJ Capital and Meritz Financial Group, and further equity support from existing shareholders. The proceeds were used to repay existing senior debt and hedge liabilities, resetting Ravenswood Gold’s balance sheet.
Ravenswood Gold is owned by Golden Energy and Resources and EMR Capital.
The Mallesons team was led by Partner Rebecca Finkelstein, with Partner Paul Schroder leading the corporate aspects and Partner Tim Klineberg leading the restructuring aspects. The broader team included Senior Associates Paul Kramer, Jeremy Yam and Tracey Dembo and Solicitors Katie Nikolaou, Michael Murdocca, Bella Kidman and Ciara Briody.
Commenting on the transaction, Rebecca Finkelstein said:
“The Mallesons team is proud to have supported Ravenswood Gold and its shareholders, Golden Energy and Resources and EMR Capital, on this important milestone.
This transaction reflects a tremendous and collaborative effort from all parties and resets Ravenswood Gold’s balance sheet for its next stage of growth. We are pleased to have been trusted to advise the company through this groundbreaking refinancing.”
